M&G Group announces the regional re-focus strategy
Assen, The Netherlands, 1st August 2017 – M&G Group announces the regional re-focus strategy by carving-out M&G DuraVent and Security Chimneys International out of the M&G Group as of August 1, 2017. The separated companies are conducting business as DuraVent / Security Chimneys focusing on the North American market and M&G Group focusing on the European and Asian market. Following the carve-out, both M&G and DuraVent will continue to be owned by Egeria Investments, the current parent of M&G Group. A regionally focused organization will enable us to better serve our respective regional markets.
In this light M&G Group is pleased to announce the acquisition of the Italian flue gas company Stabile S.p.A as from August 1, 2017, with a strong focus on Southern and Eastern Europe.